Washington, D.C. – Congressman Andy Barr (KY-06) has been re-appointed as the Chairman of the Financial Institutions Subcommittee on the House Financial Services Committee for the 119th Congress. In this role, Congressman Barr will have jurisdiction over the prudential regulators and the Consumer Financial Protection Bureau, overseeing their bank regulatory activities and rulemaking agendas to ensure that financial institutions of all sizes are not stifled by burdensome regulation and unfounded enforcement actions, but rather, can achieve economic prosperity to grow the American economy, and that all consumers have access to innovative financial services and products.
"I am honored to continue serving as Chairman of the Financial Institutions Subcommittee," said Congressman Barr. "I extend my gratitude to Chairman Hill for entrusting me with this responsibility. Together, we will work to strengthen our financial system, promote economic growth, and push back against regulatory overreach to ensure that small financial institutions can continue to provide critical services to Main Street America and support small businesses. As we move forward, I am also committed to advancing President Trump's pro-growth agenda by reducing regulatory burdens, supporting job creation, and fostering economic opportunities for all Americans.
“Andy Barr successfully led our Financial Institutions Subcommittee in the 118th Congress. With Barr’s background, he has been a champion for oversight of our financial regulators and a strong voice for community banks. As a Kentuckian, he understands driving policies that help small businesses thrive and freeing them of burdensome regulations. I am proud he will continue to serve as the Financial Institutions Subcommittee Chairman this Congress.” – Chairman French Hill
Throughout his tenure in Congress, Congressman Barr has been a steadfast advocate for financial reform, consumer protection, and the vitality of community banks nationwide. As Chairman of the Subcommittee on Financial Institutions and Monetary Policy in the 118th Congress, he led efforts to enhance transparency within key financial agencies, improve access to credit for consumers and small businesses, and scrutinize the impact of global governance on American financial regulation. In this role, Congressman Barr also held hearings to examine the merger policies of federal banking agencies and the implications of international regulatory standards on U.S. financial institutions. His leadership has been instrumental in promoting policies that strike a balance between prudent regulation and the need for economic innovation and growth.
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